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Revenues of the Group for the first 3 quaters of 2011 soar 61 percent year on year

The Asseco Group earned PLN 291 million in net profit for the first three quarters of 2011. Operating profit amounted to PLN 504 million.

The Asseco Group earned PLN 291 million in net profit for the first three quarters of 2011. Operating profit amounted to PLN 504 million, while consolidated revenues reached PLN 3.52 billion on a significant increase in sales of proprietary software and services.

 

Sales revenues surged to PLN 3.52 billion or by 61 percent as compared to PLN 2.19 billion reported for the first nine months of 2010. In the first three quarters of 2011, the Asseco Group generated PLN 2.57 billion in sales of own software and services, surpassing the corresponding year-ago figure by nearly 80 percent. Operating profit climbed to PLN 504 million and improved by 22 percent over PLN 413 million achieved last year. The Group earned a net profit of PLN 291 million as compared with PLN 315 million posted in 2010.

 

The Asseco Group is effective in pursuing its strategy to boost financial results by promoting sales of its proprietary IT solutions. In the first three quarters of 2011, sales of own software and services accounted for 73 percent of the total turnover; whereas, a year ago such contribution equalled 65 percent. Sales revenues were well diversified among our individual target sectors: industrial enterprises – 43 percent, banking and finance – 33 percent, and public administration – 24 percent.

 

Our strategy aiming to increase the share of proprietary solutions in total revenues is favourably reflected in the industry rankings and competitions. The Asseco Group ranked seventh in the prestigious Truffle100 report, presenting a list of top 100 European software vendors in 2010, and advanced by one position as compared to the last year's result. The first place, just as a year ago, was taken by SAP, followed by Dessault Systems, and Sage closing the top three. More information on the ranking is available at www.truffle100.com

 

 


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